Category: Compliance
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UPDATE: Data sharing and data privacy are ‘neither in opposition nor inherently mutually exclusive;’ – FATF says tech is key in advancing AML efforts while protecting human rights
FinCEN issues list of top priorities for institutions’ AML programs; acting director praises agency’s efforts and ‘sheer dedication’ of staff
No immediate change in Malta’s rating following FATF ‘grey listing’ – Fitch Ratings
AMLi NEWS: Majority of countries yet to implement FATF’s crypto rules, which ‘disincentives further investment’ in the sector
INSIGHT: Wolfsberg Group tells financial institutions that AML checks must be ‘done differently’ to be effective
ANALYSIS: Britain’s FCA finds ‘lack of understanding’ by retail banks on AML regimes; identifies ‘several common weaknesses’ in FinCrime prevention
INSIGHT: Council of Europe pushes ‘reverse burden of proof’ to deal with criminal assets; says some countries should reconsider their opposition
NEWS UPDATE: FATF issues new proliferation guidance to members with major focus on dealing with ‘blacklisted’ nations Iran and North Korea
SHORTCOMINGS: European Court of Auditors calls for EU supervisory role to be ‘significantly strengthened’, criticises fragmented approach in new report
UPDATE: Labour shortage the reason why top banks in Australia rely on outside help to fill compliance roles – Commonwealth Bank CRO
